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Oct 22, 2012
10/12
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>> partnoy: because people who work at goldman sachs don't talk about working at goldman sachs. there's... >> cooper: it's like fight club? >> partnoy: it is a little bit, or maybe like the mafia, that people are reluctant to talk about what's happened there. it's a golden goose and you don't shoot the golden goose. people there make a lot of money and they don't want to talk about it. >> cooper: smith says he grew even more disillusioned after the senate hearings when he and a goldman sachs partner met in asia with a major client, the head of one of the biggest funds in the world. >> smith: and he looks me and a partner in the eye and says, "let me be honest with you guys-- we don't trust you at all. but don't worry, there's nothing to worry about. we're going to keep doing business with you because you're the biggest bank. you're the smartest. and actually, we have to do business with you." now, my jaw almost dropped, because hearing from one of your biggest clients that they don't trust you when your whole mantra and reputation is built on trust-- to me, it was the worst poss
>> partnoy: because people who work at goldman sachs don't talk about working at goldman sachs. there's... >> cooper: it's like fight club? >> partnoy: it is a little bit, or maybe like the mafia, that people are reluctant to talk about what's happened there. it's a golden goose and you don't shoot the golden goose. people there make a lot of money and they don't want to talk about it. >> cooper: smith says he grew even more disillusioned after the senate hearings when...
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Oct 11, 2012
10/12
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CNBC
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and lloyd blankfein of goldman sachs. before the break we were talking about the negative implications of not solving the failure. what's the upside? >> the predicate of united states' strength and influence in the world is a great economy. we have a huge opportunity. there are a lot of things that have turned very favorable for us. demographics have turned favorable to us. technology industries that we're strong in. and most importantly and most unforseen, the energy situation in the united states. so getting -- it's not just, you know, simpson-bowles and getting our budget in order is fine. there are other things like energy, too, which we have to sort out which if we do, we'll find the united states is in the best competitive position of anyone in the world and the best competitive position we've been in generations. >> erskine? >> the big problem we have is how do we get there? as long as we have this huge debt overhang, and as long as we don't bring our spending under control or increase our revenue, then we're not g
and lloyd blankfein of goldman sachs. before the break we were talking about the negative implications of not solving the failure. what's the upside? >> the predicate of united states' strength and influence in the world is a great economy. we have a huge opportunity. there are a lot of things that have turned very favorable for us. demographics have turned favorable to us. technology industries that we're strong in. and most importantly and most unforseen, the energy situation in the...
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Oct 22, 2012
10/12
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CNN
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that's why you go to goldman sachs. you like the world of money. >> and christine you're absolutely right. i mean, and to think it's anything different than that, or has been anything different than that, over its, you know, 250-year history is just nonsensical. >> we never hear from ex-goldman people who tell us how the day-to-day of goldman life is very rare. your book was very rare and a good insight. there are few other places where we learn about how the kingmaker of a company works. that's what i think is so interesting. >> yes. >> about this guy in this book. we're really hearing from kind of an average foot soldier in a very important company. >> if he had left it at that, if he had left it at that and said here's what it's like inside goldman sachs that would have been great. there was a book in 2001 called monkey business about what it was like inside another wall street firm but greg smith made it into a morality tale and i'm afraid that greg smith does not have the moral standing to pull this off. he's a fru
that's why you go to goldman sachs. you like the world of money. >> and christine you're absolutely right. i mean, and to think it's anything different than that, or has been anything different than that, over its, you know, 250-year history is just nonsensical. >> we never hear from ex-goldman people who tell us how the day-to-day of goldman life is very rare. your book was very rare and a good insight. there are few other places where we learn about how the kingmaker of a company...
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Oct 25, 2012
10/12
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CNN
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the goldman sachs' partner reaction is, this is great news. the client is not going to pull their business, we're going to keep doing business with them. and my thought is, if you want an organization to last another 140 years and you have this short run mentality, why should you accept that clients don't trust you? >> goldman sachs has portrayed you as a disgruntled employee, who didn't get the bonus that you wanted, which was $1 million, and the year before you had gotten $500,000, which for regular folks, is insane numbers you're talking about. they say you're disgruntled. and you told anderson you would have done the exact same thing if you had gotten the bonus and if you had gotten the promotion to managing director. if you had gotten the bonus, you would go home and count your money and suck it for another year, at least. isn't it that you're just disgruntled? >> no, i started with 75 people and by the time i left, there were only seven left. and you are buying into a character assassination without actually asking goldman the hard quest
the goldman sachs' partner reaction is, this is great news. the client is not going to pull their business, we're going to keep doing business with them. and my thought is, if you want an organization to last another 140 years and you have this short run mentality, why should you accept that clients don't trust you? >> goldman sachs has portrayed you as a disgruntled employee, who didn't get the bonus that you wanted, which was $1 million, and the year before you had gotten $500,000,...
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Oct 22, 2012
10/12
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CNN
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what he's saying is that goldman sachs or one of the points he makes is goldman sachs was not really protecting their clients. that they openly called them muppets -- >> not serving. >> and openly calling them muppets and he talks about not only do junior people do that their senior and hierarchically senior people would laugh about it. isn't that devastating? no? >> soledad -- >> it's a pretty crass and -- >> still a leader on wall street. even through this financial crisis, even through everything that has been heaped on them by senator in congress. if they weren't serving their clients every day, you know, to like 99% quality control, then they would not still be a leader on wall street. trust me. these are very sophisticated -- >> clients don't care about being called muppets by the junior people and senior managers. >> they want -- guess what? they don't. they care about whatever it is that wall street can provide when they go to wall street to get. they don't care about what somebody says behind their back at midnight. >> they care about money. they care about money. >> and the
what he's saying is that goldman sachs or one of the points he makes is goldman sachs was not really protecting their clients. that they openly called them muppets -- >> not serving. >> and openly calling them muppets and he talks about not only do junior people do that their senior and hierarchically senior people would laugh about it. isn't that devastating? no? >> soledad -- >> it's a pretty crass and -- >> still a leader on wall street. even through this...
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Oct 16, 2012
10/12
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we have more on the goldman sachs shares. it's online at www.nbr.com under the "blogs" tab-- technical analysis with michael kahn. murphy oil is the latest energy company to spin off its gasoline business. conoco and marathon have separated their refining businesses. now murphy will split of its retail gasoline operations. m-u-r shares popped 8% as the company will use the proceeds to pay a special dividend and buy back shares. four of the five most actively traded exchange-traded products were up. the s&p volatility note fell by more than 3%. and that's tonight's "market focus." >> tom: with the unemployment rate dropping last month, thousands of americans reported going back to work... for themselves. this year, a quarter of a million people say they have created their job by becoming self-employed. just over 10% of the work that people say they've found year- to-date is thanks to creating their own opportunities. this week, we're looking at the freelance job market. gary swart is the c.e.o. of o- desk, an online marketplac
we have more on the goldman sachs shares. it's online at www.nbr.com under the "blogs" tab-- technical analysis with michael kahn. murphy oil is the latest energy company to spin off its gasoline business. conoco and marathon have separated their refining businesses. now murphy will split of its retail gasoline operations. m-u-r shares popped 8% as the company will use the proceeds to pay a special dividend and buy back shares. four of the five most actively traded exchange-traded...
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Oct 19, 2012
10/12
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WUSA
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. >>> the man who took on goldman sachs opens up for the first time and daredevil felix baumgartner tells us what he was really afraid of. >>> we begin this morning with today's "eye opener," your world in 90 seconds. >>> the campaign can require a lot of wardrobe changes but it's nice to finally relax and wear what ann and i wear around-the-house. >> mitt romney and president obama campaigned for laughs at a charity fundraiser. >> actually mitt is his middle name. i wish i could use my middle name. >> in the spirit of "sesame street" the president's remarks are brought to you by the letter o and the number 16 trillion. >> it begs the question what are we doing here? >> the entire student visa program has come under fire after a student tried to blow up the federal reserve. >> google went down 9% on thursday costing investors $20 billion. >> tigers are going to the world series. >> welcome to oklahoma. a dust storm shut down part of i-35. looks like something out of the dust bowl. >> we have the video of a pro wrestler springing into action on a light train rail to stop a crime. >> a gian
. >>> the man who took on goldman sachs opens up for the first time and daredevil felix baumgartner tells us what he was really afraid of. >>> we begin this morning with today's "eye opener," your world in 90 seconds. >>> the campaign can require a lot of wardrobe changes but it's nice to finally relax and wear what ann and i wear around-the-house. >> mitt romney and president obama campaigned for laughs at a charity fundraiser. >> actually mitt...
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Oct 11, 2012
10/12
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CNBC
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some people have -- goldman sachs and morgan stanley have specifically looked at the fiscal cliff and said it's decidedly problematic for the fourth quarter and the s&p could fall from here. >> that's if the fiscal cliff happens. i really don't think they're going to let that happen. i think we'll see the same kind of drama we saw around government shutdown where is they tiptoe and dance all the way up until the last minute and then get it done. we already know they're having meetings right now figuring out the end to that crisis. so i think that we're going to build it up and build it up and it's all going go away. i really think that what we're going to see with this market right now is a continuation of this slow, steady, up trend. there's no real reason right now to take it out. >> rick, what do you think? how about the 30-year treasury auction today? a lot soft, but i guess that would be expected at that yield, right? >> yeah, well, i think it was a bit soft for sure. the post-auction, all the auctions being done really gave us a big rally afterwards. the best way to get a dugout
some people have -- goldman sachs and morgan stanley have specifically looked at the fiscal cliff and said it's decidedly problematic for the fourth quarter and the s&p could fall from here. >> that's if the fiscal cliff happens. i really don't think they're going to let that happen. i think we'll see the same kind of drama we saw around government shutdown where is they tiptoe and dance all the way up until the last minute and then get it done. we already know they're having meetings...
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lloyd blankfein of goldman sachs, andrew liveris of dow chemical, and john chambers of cisco systems. next, 11 years after 9/11, do we have to worry about al qaeda again? i'll talk to the former cia chief michael hayden about the aftermath of the benghazi attack. >>> and salman rushdie hiding after a threat was placed on his life. >>> also, if china's growth slows, should the rest of us cheer? no. i'll explain. first, here's my take. sometimes convention wisdom is right. minutes after the debate, the pundits declared mitt romney the winner. he was. he seemed engaged, forceful, punchy. obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay
lloyd blankfein of goldman sachs, andrew liveris of dow chemical, and john chambers of cisco systems. next, 11 years after 9/11, do we have to worry about al qaeda again? i'll talk to the former cia chief michael hayden about the aftermath of the benghazi attack. >>> and salman rushdie hiding after a threat was placed on his life. >>> also, if china's growth slows, should the rest of us cheer? no. i'll explain. first, here's my take. sometimes convention wisdom is right....
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Oct 31, 2012
10/12
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KQEH
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goldman sachs, goldman sachs, it seemed like every time i turned around, i bumped into someone from goldman sachs. which is not to single them out. but they all bring that ideology with them, when they come to washington. it's not like somebody hits them in the head with a magic wand and they give back everything that they've learned and believed in their years of wall street. and they bring that ideology with them. and even those who don't come from a specific bank, when you surround yourself, create an echo chamber of likeminded people, it's not terribly surprising that the government policy looks a lot likehat the wall street institutions themselves would have most desired. and i think the other side effect of that is that people who are outside of that bubble, people who don'lihave that background, peoplhalike myself as a federal prosecutor or elizabeth warren, who was the chair of the conysessional oversight pan c and before that a harvard professor, that our views, our criticisms, our a contrary positions were discounted, mocked, ridiculed, insulted, cursed at, at times. because there
goldman sachs, goldman sachs, it seemed like every time i turned around, i bumped into someone from goldman sachs. which is not to single them out. but they all bring that ideology with them, when they come to washington. it's not like somebody hits them in the head with a magic wand and they give back everything that they've learned and believed in their years of wall street. and they bring that ideology with them. and even those who don't come from a specific bank, when you surround yourself,...
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Oct 24, 2012
10/12
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CNBC
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nobody with fladulate themselves as well as goldman sachs can. we investigated and turned over everything and at the end of the day, with all the stress and i wouldn't want to go through that again we'll be a better firm for it anyway because we really, really, really did look at everything again but as far as the book itself, i think the consensus of those who reviewed the book was there really was nothing there but anything that makes us be more intro spectisp and review our processes is not a lost exercise for us. >> you talk about others review of the book. have you read the book and if so, what is your own review? >> no, i haven't read the book, and a couple of reviewers who have read the book said you might want to save that hour and a half for something better. >> julia? >> bringing it back to the conference here, you're having entrepreneurs, this generation talked to entrepreneurs, older entrepreneurs like larry ellison, jeffrey katzenberg. what is your outlook for the ipo market and m&a. do you think we'll see another range of ipos like
nobody with fladulate themselves as well as goldman sachs can. we investigated and turned over everything and at the end of the day, with all the stress and i wouldn't want to go through that again we'll be a better firm for it anyway because we really, really, really did look at everything again but as far as the book itself, i think the consensus of those who reviewed the book was there really was nothing there but anything that makes us be more intro spectisp and review our processes is not...
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Oct 22, 2012
10/12
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CNBC
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his new book "why i left goldman sachs" released today. take a listen to what he had to say this morning on the "today" show about goldman's treatments of its clients. >> the idea of calling someone a muppet or a name is not the bad thing. the bad thing is the reason you're calling them a muppet. because a teacher's pension fund gets tricked into trading a product it doesn't understand. >> greg smith's allegations hurt the company's reputation. simon, let's start with you because you also speak english with a funny accent. >> i speak real english. the linearity was the word. nothing new came out about the stock. everybody loves to hate goldman sachs at this stage. i think there was no revelations. i think the big thing was the publishing company paying him $1.5 million to write this story. and it was the same publisher as yours, steve, which doesn't say a lot about that. >> do they really use muppets negatively. >> i mean, i don't know where i go with that. >> you have a problem with kermit the frog. >> the biggest issue with goldman, you
his new book "why i left goldman sachs" released today. take a listen to what he had to say this morning on the "today" show about goldman's treatments of its clients. >> the idea of calling someone a muppet or a name is not the bad thing. the bad thing is the reason you're calling them a muppet. because a teacher's pension fund gets tricked into trading a product it doesn't understand. >> greg smith's allegations hurt the company's reputation. simon, let's start...
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Oct 17, 2012
10/12
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KTVU
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goldman sachs yesterday had good earnings, but the stock sold off late in the day. we're starting to see some of the other banks and financials sell off. last night intel came out with their earnings, and they beat way down. the stock was trading lower. ibm had a pretty big miss. so, whatever beats we're getting are beating on downgraded earnings. so it's really hard to take a range here. the market itself is really just churning back and forth in consolidation. nobody is running back up to the upper edge off a natural bounce off the support here. > > what about the election? is that holding up trading in any way here? > > no, what's holding up trading is the market is so complacent that the market knows that it's never going down again. we have no fear of another crash. the fundamentals are all so wonderful because jobs and all those other things are going well. so what happens when the markets do this and volatility comes out, the markets drift, and they tend to drift higher. dull markets always tend to drift higher. we are very similar to 2007. we're at five-year
goldman sachs yesterday had good earnings, but the stock sold off late in the day. we're starting to see some of the other banks and financials sell off. last night intel came out with their earnings, and they beat way down. the stock was trading lower. ibm had a pretty big miss. so, whatever beats we're getting are beating on downgraded earnings. so it's really hard to take a range here. the market itself is really just churning back and forth in consolidation. nobody is running back up to the...
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Oct 19, 2012
10/12
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CNNW
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goldman sachs hitting back. this is what they released in sort of a draft of their internal investigation about greg smith, the guy who famously quit the bank in "the new york times." greg smith, according to an e-mail that the company's released, or an e-mail written by one of his superiors, off the charts unrealistic thinks that he should trade at multiples. we told him there's very little tolerance for actions like that and he needs to tone it down. they say greg smith had asked for his pay to be doubled and be made a managing director and he was turned down. so they're trying to paint him as the disgruntled former employee. you're going to be hearing a whole lot more about greg smith in the days ahead because he wrote a book called "why i left goldman sachs" and you all remember that famous "new york times" piece that was just scathing about the bank. >> i bet he's got a lot of copies of e-mails as well. >> the one thing you need to know about your money. mortgage rates still falling. this is really importan
goldman sachs hitting back. this is what they released in sort of a draft of their internal investigation about greg smith, the guy who famously quit the bank in "the new york times." greg smith, according to an e-mail that the company's released, or an e-mail written by one of his superiors, off the charts unrealistic thinks that he should trade at multiples. we told him there's very little tolerance for actions like that and he needs to tone it down. they say greg smith had asked...
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Oct 9, 2012
10/12
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CNBC
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all but one analyst, in fact, said goldman sachs. but we wanted to dig deeper. we wanted to know disdoes the risk management culture seem strong? can traders override position limits? how do banks stack up on capital and liquidity? once again, interestingly, goldman came out on top. their culture ranks head and shoulders above their peers. their risk limits perceived to be very strong. as well, good capital ratios and liquids, which is much stronger than everybody prefinancial crisis. goldman stockpiles that cash, had 175 billion in spare dollars, at last count. in second, despite the recent london whale debacle, was jpmorgan, gets high marks for rigor and high excess liquidity. rounding out the bottom were citigroup and bank of america, scores relatively weak any every category, except for liquidity, stronger across-the-board. double-digit improvement industry wide. broadly speaking, analysts believe risk management is better than precrisis and believe that leverage levels a big culprit in the mortgage bust, are lower today. when we asked them what the most imp
all but one analyst, in fact, said goldman sachs. but we wanted to dig deeper. we wanted to know disdoes the risk management culture seem strong? can traders override position limits? how do banks stack up on capital and liquidity? once again, interestingly, goldman came out on top. their culture ranks head and shoulders above their peers. their risk limits perceived to be very strong. as well, good capital ratios and liquids, which is much stronger than everybody prefinancial crisis. goldman...
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sachs versus goldman sachs the op ed writing goldman defector greg smith is out with his new book he and lloyd blankfein have been hitting the airwaves today we'll talk about the highlights let's get to today's capital account. so last night were the u.s. presidential debates you did not see on network t.v. it was the third party presidential debate with candidates from the green justice constitution and libertarian parties and on the stage were issues that we have not heard about in the mainstream dools between romney and obama this includes money and politics cutting defense spending dramatically monetary collapse and the government's role in the student loan debt crisis so let's bring in our guests and use some of these economic and fiscal arguments to fuel ours here to talk about all of this is mike norman chief economist of john thomas financial and author and trader coral denninger are so gentlemen first thank you so much for being on the show today but you have me absolutely so let's just start i want to throw out a sound bite from gary johnson just to to play a little bit of
sachs versus goldman sachs the op ed writing goldman defector greg smith is out with his new book he and lloyd blankfein have been hitting the airwaves today we'll talk about the highlights let's get to today's capital account. so last night were the u.s. presidential debates you did not see on network t.v. it was the third party presidential debate with candidates from the green justice constitution and libertarian parties and on the stage were issues that we have not heard about in the...
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Oct 15, 2012
10/12
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KRCB
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we'll see results from coca- cola, goldman sachs and mattel. in tonight's commentary, when it comes to investing for the long- term, great minds don't always think alike. here's "fortune" magazine senior editor-at-large allan sloan. >> we like to believe that there's a collective wisdom in crowds. that's the idea underlying democracy. and crowdsourcing, and other forms of social media. but when it comes to investing, the collective wisdom of u.s. retail customers is flat wrong. stock mutual fund investors, a proxy for retail customers, typically buy at or near market peaks, and sell at or near bottoms. yes, that i know that sounds elitist. but it's true. so even as u.s. stocks hover near their all time highs set five years ago, m mu les nervous than i would otherwise be. because investors are still net sellers of stock funds. despite being below their highs, stocks have been profitable for those of us who've bought while the u.s. investor is selling. in fact, wilshire associates says, if you include reinvested dividends, the u.s. market set an
we'll see results from coca- cola, goldman sachs and mattel. in tonight's commentary, when it comes to investing for the long- term, great minds don't always think alike. here's "fortune" magazine senior editor-at-large allan sloan. >> we like to believe that there's a collective wisdom in crowds. that's the idea underlying democracy. and crowdsourcing, and other forms of social media. but when it comes to investing, the collective wisdom of u.s. retail customers is flat wrong....
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Oct 23, 2012
10/12
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FBC
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using goldman sachs arguments to report it without reporting what goldman sachs is saying. we have the story on the website. look at it. good stuff. tracy: liz's story is on the fox business website thank you, girl. >> sure. ashley: get to the other big story of the day. more on that selloff on the markets. nicole petallides on the floor of the new york stock exchange. nicole, no doubt about it, earnings hitting the market hard today. >> there is no doubt. we've been under pressure here all day long with the nasdaq composite testing the 200 day moving average, a couple of points off the 200 day moving average to be more specific. just the fact it is hovering around those levels, the selling we've seen in three days, the concentration of that selling. 200 point loss on friday. 200 point loss today. we haven't seen that type of concentrated selling for nearly a year. so we are seeing the markets under some pressure here. a lot of this comes from earnings. let's look at some key names including 3m. everybody knows 3m pour post-it notes and scotch tape. the truth is they're giv
using goldman sachs arguments to report it without reporting what goldman sachs is saying. we have the story on the website. look at it. good stuff. tracy: liz's story is on the fox business website thank you, girl. >> sure. ashley: get to the other big story of the day. more on that selloff on the markets. nicole petallides on the floor of the new york stock exchange. nicole, no doubt about it, earnings hitting the market hard today. >> there is no doubt. we've been under pressure...
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Oct 16, 2012
10/12
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KRCB
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two bank earnings to mention goldman sachs and p.n. fil. p.n.c.'s results came in bow expectationsanthe shar price responded, falling 4% on heavier volume. goldman sachs w investnt banking, bond underitg and its trading busess pick up but said political uertaty is keengusmeactity low. sha s fell 1 we have more othe ldma sachs share itnline www.nbr.com under the "ogs" tab-- technical analys with michaelahn. murphy oil is the latest energy company to spin off its gasoline business. conoco marathave rated theirefining es urphy willplit of its retail gasoline operatio. m-u-r shares popped 8% as the company will use the proceeds to pay a special dividend and buy back shares. four of themostcty tradechanded products were u the s&p volatility note fell by morehan 3% and thas night's "market focus >> tom: with the unemployment rate dropping last month, thousands of americans reported going back to work... for themselves. this year, a qrt of llion peop say ty have created their job by becoming self-employed. just over 10% of the work that people say they've
two bank earnings to mention goldman sachs and p.n. fil. p.n.c.'s results came in bow expectationsanthe shar price responded, falling 4% on heavier volume. goldman sachs w investnt banking, bond underitg and its trading busess pick up but said political uertaty is keengusmeactity low. sha s fell 1 we have more othe ldma sachs share itnline www.nbr.com under the "ogs" tab-- technical analys with michaelahn. murphy oil is the latest energy company to spin off its gasoline business....
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Oct 27, 2012
10/12
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CURRENT
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he has best selling book "money and power: how goldman sachs came to rule the world" great to have you again. >> always great to be here. >> cenk: is it that stupid fat cat--i don't mean stupid by president obama but stupid because they have given such enormous weight, oh, calling them a fat cat, is that what ticked them off? financially they should love obama. >> well, you know, that's the irony. he calls them fat cats. he said he didn't want to help the fat cat bankers but he did. yes, the low on the dow was 6500 in march of '09. now it's twice as high, 13,000, what you didn't mention was that obama bailed out wall street without the bailout without the tarp without the trillions of dollars that the fed pumped through wall street, all those wall street firms could very well be gone. he saved those wall street firms. which means he saved their bonuses and billions of dollars in bonuses. you know wealthy firms payed out bankers and traders in the form of compensation. he did that, too. and then the reregulation of wall street, the dodd-frank, he signed it into law but it has never been
he has best selling book "money and power: how goldman sachs came to rule the world" great to have you again. >> always great to be here. >> cenk: is it that stupid fat cat--i don't mean stupid by president obama but stupid because they have given such enormous weight, oh, calling them a fat cat, is that what ticked them off? financially they should love obama. >> well, you know, that's the irony. he calls them fat cats. he said he didn't want to help the fat cat...
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Oct 7, 2012
10/12
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they are lloyd blankfein the chairman and ce o o of goldman sachs. andrew live russ, the chairman and ceo of dow chemical and john chambers the chair manned and ceo of cisco. the conversation was fascinating. listen in. >>> lloyd, let me start with you. when you look at the global economy, right now, you know, what is it, four years after the crash, what does it look like to you? >> well, we're definitely in a m muddle-through phase, slow growth, very disappointing. but i think one of the things that was achieved -- and by the way, in hindsight it may look small but while we were living through it, it was very large. there was a substantial chance that things would fall off the rail. a lot of things that foster growth are still uncertain and are still, you know, frankly they're still in the forward. but i think what was taken off the table recently by the -- frankly by the central banks acting by themselves and less by government through fiscal policy was the real blow-up risk. so if you think of a couple places in the world that we were the most afr
they are lloyd blankfein the chairman and ce o o of goldman sachs. andrew live russ, the chairman and ceo of dow chemical and john chambers the chair manned and ceo of cisco. the conversation was fascinating. listen in. >>> lloyd, let me start with you. when you look at the global economy, right now, you know, what is it, four years after the crash, what does it look like to you? >> well, we're definitely in a m muddle-through phase, slow growth, very disappointing. but i think...
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s of multinational corporations like goldman sachs exxon mobil shell citigroup and others but folks this isn't anything new check out what ron paul had to say about these groups back in one thousand nine hundred ninety. years now it's been claimed by many and there's pretty good evidence that those who are involved in trilateral commission. and the council formulation usually ends up in positions of power and i believe this is true but i think this is important point here because i think money is in paul in involved here powers involved in oil is involved there keep in mind ron paul was saying that these think tanks were the ones running the show one two years ago just imagine how much more pervasive it it is now who needs a continuity of government when you have all these think tanks making decisions under the guise of a representative democracy it's time to wake up to this reality and it's time to stop letting wars be dictated by corporate interests. that service. many of the decisions to advance u.s. imperialism are done outside the halls of congress and the corporatocracy in our poli
s of multinational corporations like goldman sachs exxon mobil shell citigroup and others but folks this isn't anything new check out what ron paul had to say about these groups back in one thousand nine hundred ninety. years now it's been claimed by many and there's pretty good evidence that those who are involved in trilateral commission. and the council formulation usually ends up in positions of power and i believe this is true but i think this is important point here because i think money...
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russia's goldman sachs actually goldman sachs has quit as an advisor to russia's megaphones to two billion dollars initial public offering the investment bank is reportedly unimpressed the plans of the company's shareholders have a small enough he wants to place his shares in an umbrella company and then he siegelman sachs. as a blow to russia's second largest mobile phone operator which is planning to sell twenty percent of its stock by the end of the year. as we've been saying earlier in the program clashes broke out in athens as german chancellor angela merkel is visiting what's driving the greeks mad are these austerity measures which are a condition for the bailout economists say the only way out for the troubled nation is to accept losses and restructured it what i've proposed is is the establishment of a berlin club in the emerging world you have the paris club when an emerging country gets into trouble what happens is the emerging country comes to the paris club with its creditors and they discuss and debate and they restructure the debt they haircut the debt they allocate losses t
russia's goldman sachs actually goldman sachs has quit as an advisor to russia's megaphones to two billion dollars initial public offering the investment bank is reportedly unimpressed the plans of the company's shareholders have a small enough he wants to place his shares in an umbrella company and then he siegelman sachs. as a blow to russia's second largest mobile phone operator which is planning to sell twenty percent of its stock by the end of the year. as we've been saying earlier in the...